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Onshore Wind Turbine Blade Market Share

Report ID: GMI11742
Published Date: Oct 2024
Report Format: PDF

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Onshore Wind Turbine Blade Market Share

Onshore Wind Turbine Blade Company Market Share

The competitive landscape in the onshore wind turbine blade industry is characterized by a mix of global and regional players who dominate the market through innovation, scale, and strategic partnerships. Key players in the industry focus on producing larger and more efficient blades to maximize energy capture from wind resources, particularly as the average size of wind turbines continues to increase. The companies are focusing on producing longer blades to increase the efficiency. Further, independent blade manufacturers such as TPI Composites often form long-term partnerships with Original Equipment Manufacturers to provide blade supply, which helps them expand globally while maintaining competitive pricing.

Onshore Wind Turbine Blade Market Companies

Eminent players operating in the onshore wind turbine blade industry are:

Acciona
Aeris Energy
EnBW
Enercon
Gamesa Corporacion Technologica
Hitachi Power Solutions
Nordex SE
Siemens
Sinoma Wind Power Blade
Suzlon Energy
Vestas Wind Systems

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for onshore wind turbine blade was reached USD 73.2 billion in 2023 and is projected to reach USD 120.3 billion by 2032, propelled by enhanced regulatory support and influx of investments across the power sector.

The 31-60m onshore wind turbine blade market is expected to exceed USD 21.5 billion by 2032, due to the rising usages of lightweight materials and optimized aerodynamics that improve energy generation and reduce costs.

The >5 MW onshore wind turbine blade market is projected to grow at over 4% CAGR through 2032, driven by their higher energy yields and better economies of scale.

The Asia Pacific onshore wind turbine blade market is expected to reach USD 95 billion by 2032, attributed to the innovations in blade design, materials, and manufacturing processes that enhance efficiency and cost-effectiveness.